Iraq Begins Harsh “White Paper” Reforms — Dollar Up, Salaries Down, Subsidies Cut 😳💸
Iraq has officially begun implementing the IMF-backed White
link to My FX Buddies Blog
Paper reforms, a move that economists warn will bring major social and financial pressure, especially on low- and middle-income citizens.
Economist Nabil Al-Marsoumi explains that the White Paper is not just a plan — it is already underway, and we are seeing the early signs:
📈 Rising dollar exchange rate
💰 Salary reductions & hiring freezes
🛒 Cuts to food subsidies and ration support
🏭 Privatization of state-owned enterprises
⚡ Energy and fuel price increases
📉 Removal of government support across key…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.